The commission is expected to vote on the proposal on Dec.14. Pai has argued that the rules adopted in 2015 requiring oversight of service providers didn't give the industry the opportunity to invest in broadband networks.

Under the measure, internet service providers would have to inform customers about issues including blocking, Politico reported Monday.

Broadband companies praised Pai's proposal on net neutrality.

"We applaud FCC Chairman Pai's initiative to remove this stifling regulatory cloud over the internet," AT&T said in a post, according to The Hill.

"Businesses large and small will have a clearer path to invest more in our nation's broadband infrastructure under Chairman Pai's leadership," the post continued.